Today is turning out to be the day that most were expecting to see being that it’s the day before the election. Many investors are waiting to see what will happen tomorrow. With the way things are right now in the race, no one really knows what is to come.
As it stands right now, the markets have been holding steady throughout the day. At best it was up about 90 points and so far the lowest it’s been down is 60 points at 3:00pm.
.
Reports are coming out that the credit market is tighten up lending to each other, while there really isn’t anyone out there looking to borrowing at the moment. I can relate to both sides to that issue. I’ve been holding off for some time to buy some rental properties for investment purposes. That also includes me being involved in any lending to anyone. So I have decided to hold off on it until the markets stabilize as well as waiting to see what the outcome of the election is.
.
Until the election is over I will advise my readers to hold off on doing any trading except for selling some of your profits. I am expecting the market to be quite volatile throughout the day tomorrow. If Senator Obama is leading in the race too early in the day I expect the markets to be down real big. As to it having a rally after the sell off.. who knows.
Recent Comments